LEONG Hup Holdings Bhd pre-tax profit rose to RM38.3 million in the second quarter ended Sept 30, 2010, from RM29.8 million in the same period last year.

The profit was achieved on a higher revenue of RM334.5 million compared to RM302.8 million previously.

For the nine-month period, the company recorded a slightly higher pre-tax profit of RM59.6 million compared to RM56.1 million in the previous year, on revenues of RM629.3 million and RM583.4 million, respectively.

In a filing to Bursa Malaysia today, Leong Hup said the increase in profit and revenue was due to higher demand for the poultry products coupled with better selling price.

For the current year prospect, it said the board of directors believe that the remaining six months period until March 31, 2011, is still challenging.

'Despite the recent stable selling price of broiler chickens, day-old chicks and eggs, the upcoming months is still challenging due to the volatile fluctuation of commodity raw material price,' it said. - BERNAMA